The IRA Qualified Charitable Distribution
The IRA Qualified Charitable Distribution now a permanent provision of the federal tax code. This allows donors who are 70 ½ or older to make a tax-free contribution to Gualala Arts, Inc. or other charities. You can donate up to $100,000 in each year from your IRA. The contribution counts towards your Required Minimum Distribution. It does not generate either taxable income or a charitable tax deduction for you. A gift from your IRA provides an excellent opportunity to make a gift during your lifetime from an asset that is often subject to multiple layers of taxation if left in your estate.
Transfers must be made directly from a traditional IRA account by your IRA plan administrator. Gifts from 401(k), 403(b), SEP, or other plans do not qualify for this provision. Contact you plan administrator to initiate.
If you are considering a legacy gift to Gualala Arts, it is important to discuss all of the consequences of such a bequest with you own advisors.
Gualala Arts has received several of these gifts and ready to be the recipient of your generosity. You are encouraged to contact the Executive Director, David Sus Susalla 707-884-1138.
With your strong support we can build an inspiring future for Gualala Arts that will maintain its relevance in our community and strengthen its reputation and capabilities.
Please remember Gualala Arts in your estate planning.
Gualala Arts, Inc. PO Box 244, 46501 Old State Hwy., Gualala CA 95445, 707-884-1138 (TIN 94-6121872)